07 Oct TEMPOE ACQUIRES FLEXPAY PLUS ASSETS FROM KAHUNA PAYMENT SOLUTIONS
This asset acquisition allows TEMPOE to offer retail installment sales in 16 states
(MANCHESTER, NH – Oct. 7, 2015) – TEMPOE, a leading provider of no credit required shopping, has completed an asset purchase from Bloomington, Illinois-based Kahuna Payment Solutions (KPS). The move allows TEMPOE to broaden its offerings to include no credit needed retail installment sales through the FlexPay PLUS® label to consumers in 16 states. FlexPay PLUS is primarily offered in the furniture, jewelry, sporting equipment, pet and automotive industries.
“This will expand our offering and our geographic footprint,” said Orlando Zayas, TEMPOE president. “We are always looking at ways we can provide more services to our retailers and their customers to help them grow their business.”
TEMPOE’s market strategy includes expanding its product collection to provide retailers with multiple leasing and finance solutions for their customers. The FlexPay PLUS acquisition enables TEMPOE to offer an additional no credit required program in Alaska, Arizona, California, Delaware, Illinois, Kansas, Kentucky, Missouri, North Dakota, New Hampshire, Oregon, Pennsylvania, South Dakota, Utah, Washington and Wisconsin.
“Now we can offer customers a choice of alternative finance solutions, which is good for retailers and customers alike,” said Zayas. “This will help us grow business and build customer loyalty.”
The Kahuna name will be discontinued, however the leadership team of KPS will join TEMPOE to continue leading the growth of the FlexPay PLUS book of business.
The acquisition of FlexPay PLUS is TEMPOE’s second recent acquisition. Last week, the company also announced it had acquired SmartPay Leasing, Inc., which provides leasing options for smartphones, tablets and other electronic devices.
“We’re excited to continue our growth strategy and expand the number of retailers — and customers — we reach,” Zayas said. “We will continue to look for opportunities to expand our offerings.”
For more information about TEMPOE and the several payment options it provides retailers, visit TEMPOE.com.
TEMPOE, built upon the roots of WhyNotLeaseIt, is a leading provider of no credit required shopping. TEMPOE provides several flexible payment options with the opportunity of quick and economical ownership for consumers. TEMPOE was founded in 2009 in Manchester, New Hampshire, and serves the furniture, home electronics, appliance, jewelry and automotive industries. For more information, visit TEMPOE.com.